Should I Buy or Lease?

When shopping for a new vehicle in The Shoals, many drivers dread the automotive financing process — largely just a jumble of paperwork, signatures, and time. But we do our best to make it quick and easy — and find the solutions that work for you — when you choose Greenway Honda of Florence. Our finance experts break everything down and are here to answer any of your questions, from “should I lease or buy?” to “what’s an APR?” to more specific questions about your vehicle or offers. 

So, should you buy or lease? That answer to this question really comes down to your driving needs and budget. Greenway Honda of Florence explains both options to help you make a more informed decision. 

Why Should I Buy My Next Vehicle at Greenway Honda of Florence? 

• No Mileage Restrictions: When you lease, you are limited by mileage restrictions. When you finance, you are free to drive as much as you want, and you won’t be charged for excess wear and tear on the vehicle. 
• Customization: If you want to modify your vehicle so that it matches your unique style, you are free to do so when you finance. 
• Ability to Sell: Since you’re not locked into a lease agreement, you have the ability to sell your vehicle at any time. 
• Less Cost Over Time: Although financing may be more costly up front, it becomes more affordable overtime as you work toward paying off the loan. Once the loan is paid off, you’re out of monthly payments; once a lease is paid off, you return the vehicle and decide whether to buy or lease again.

Why Should I Lease My Next Vehicle at Greenway Honda of Florence? 

• Lower Payments: One of the major reasons why Tuscumbia drivers opt for a lease vs. buying is the lower monthly payments. Leasing a vehicle means paying for just the depreciation, and that often leads to lower monthly payments than buying the same model outright.
• Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax, saving you even more money up front.
• Trade-Ins: When it is time for a new vehicle, the process of selecting your next car is hassle-free. When the terms of your lease are complete, simply bring the vehicle back to the dealership and select your next car. You do not have to worry about selling the car when it’s time for something new. 
• Great Coverage: As long as you stay within the mileage limits, your vehicle should be covered by warranty for the entirety of the lease. 
• Drive a New Car More Often: If you like the idea of driving a brand new car with the latest bells and whistles every couple of years, leasing makes it easy to do so. 

Experience Stress-Free Financing in Florence

Lease vs. buying – One option may be better suited to your needs than the other. If you want help making the right decision for your next car, truck, or SUV in Northern Alabama, Greenway Honda of Florence can help. Contact us today for more information or to get started.

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